WIPRO

Large strategic deal with Olam Group

1. Strong Q4 FY26 results and major buyback announcement Wipro reported a rise in quarterly profit in Q4 FY26, supported by better operational efficiency and deal execution. The company announced a massive ₹15,000 crore share buyback at ₹250 per share, which boosted investor sentiment. This is Wipro’s first major buyback in nearly three years. 2. Large strategic deal with Olam Group Wipro won one of its biggest transformation deals by partnering with Olam Group. As part of the agreement, Wipro will acquire Mindsprint, Olam’s IT and digital services business. The deal significantly strengthens Wipro’s capabilities in agribusiness, supply-chain technology, and AI-led transformation services. 3. AI and digital transformation focus Wipro is aggressively expanding its AI and automation offerings through its Wipro Intelligence™ platform. Management continues to position AI as a major long-term growth opportunity rather than a threat to the IT services business. 4. Large deal bookings improving Despite slower global IT spending, Wipro has reported strong growth in large deal bookings. BFSI, manufacturing, healthcare and consulting remain key business verticals. 5. Hiring strategy changing due to AI Wipro has slowed campus hiring as the company adapts to AI-driven productivity improvements. The company is focusing more on upskilling existing employees in AI, cloud and digital technologies. 6. Hybrid work policy update Wipro introduced stricter hybrid work norms requiring employees to spend minimum time in office on designated workdays. The company says the move is aimed at improving collaboration and productivity. 7. Expansion and infrastructure growth Wipro recently inaugurated a new office at GIFT City Gujarat, strengthening its presence in financial and technology hubs.